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Hi , anyone can explain what is Local Depositor?

If i would want to Deposit 500usd to Fxpro.com which is the easiest, lowest cost way??

Some expert from the other tread mentioned only scam broker offers local depositor... i literally laugh at their comments.

I have used LD for many transactions... no hiccups at all... exchange rate is better too... for withdrawal la. 

credit card is fast... but withdrawal is a hassle... only can withdraw up to deposit amount.

What is FTT , IB( fxpro got IB? can intro? )

Does it mean that if FXpro no IB i need to either use
Credit Card or Skrill/Neteller ???

can i direct from maybank etc transfer to FXpro?

I tried before once , transfer to Skrill then transfer to FXbroker

Just want to know any better way since they charge here and there plus the rate diff thats quite some money

1. Open Neteller account
2. Transfer *RM450 from Maybank2u to Neteller currency exchanger's Maybank2u (find them in CGdotcom)
3. Neteller currency exchanger transfer *USD100 to your Neteller account
4. Deposit your forex account via Neteller (instant deposit)

*depends on how much you want to deposit and how much Neteller exhanger's buy/sell rate

I bet you still new in e-currency. Go slow and learn

Neteller, Perfect Money, Fasapay or Skrill; which is the best e-currency for forex trader? 

Thanks!

but i cant find CG.com

i do find

at Maybank website

Foreign Telegraphic Transfer (FTT) & Guaranteed OUR (G'OUR)*
Transfer funds worldwide while beneficiary receives full amount for USD/EURO with G'OUR
Daily Transfer Limit:
Via M2U: RM250 - RM30,000 (Individual); RM250 – RM49,999 (Business)
Via Branches: No Limit

Service Fee:
From RM10.60 (Inclusive of GST) + Other beneficiary bank / agent charges (If any)

Available at:

Maybank Branches*
Maybank2u
Maybank Money Exchange*
Was it safe to send broker our supporting document - I/C and electric bill?? Do i need to do anything on the picture before send?

What do those e-currency exchanger earn? dont they were same as us need to pay fees when transfering?

i think the conversion used is quite terrible 1usd:4.23rm for today. so if we register skrill using usd and we withdraw usd from skrill to local bank eg cimb or maybank, bank exchange rate is used?

thanks

would they scammer? but i saw the rate different were not much as compare to bank??

Can i know how much diff would be for every 1000usd?

when Maybank for saving account , need gaji slip -.-

How much you sell? Can you direct send to my fxpro account?

What the procedure to process?

1. Open Neteller account
2. Transfer *RM450 from Maybank2u to Neteller currency exchanger's Maybank2u
3. Neteller currency exchanger transfer *USD100 to your Neteller account
4. Deposit your forex account via Neteller (instant deposit)

*depends on how much you want to deposit and how much Neteller exhanger's buy/sell rate

I bet you still new in e-currency. Go slow and learn

May I know the SL range that you guys set?

Even on 0.01 size. I can get stop loss at $10 

Feels like the market is going against me 

got trade to show off?? 

You so pro can work can trade can invest can manage computer business

i am just trying with $150 account 

how do you hedge in FOREX? 
Buy and sell the same one at the same time?

Hedging can get reward meh? Which broker is offering such a good deal?

can advice my SL for $100 beginner account?

" maybe " they SL with their account balance?

their account were 10k

they put 1k in trading account

if big lose = 10% lose`

Same as stock investing - invest in 10stock , if 1 stock go 0 = 10% lose

When got profit they keep take out from the account to maintain the amount they risk to lose

---warning & disclaimer---
* this posting is for general knowledge only
*im not responsible for anything
* this method is banned by almost all brokers
* THIS IS NOT AN ENCOURAGEMENT FOR ANY NEWBIES TO TRY ON LIVE ACCOUNT.
----------------------------------------------
History
----------------------------------------------
some groups of traders in indonesia begin this method back in 2008 when russian brokers started SPOILING THE REAL FX industry by giving Bonus that supported margin during trading drawdown. brought into malaysia by traders from eastcoast and slowly make its way all over malaysia.
it was kept secret until intelfx went under due to this "abusive" of bonus. EVEN NOW SOME TRADERS ARE STILL USING THIS METHOD. (im not responsible for anything, just sharing for general knowledge)

1. Assuming we pick NFP with average spike and movement of 50pips. it will take place next week.
2.Account A is 1000. account B is 1000. both getting bonus 50% and hence both has 1500 margin, and remember we have some small trades running which might take few dollars off the margin.
3.expected movement is 50 pips. we need to calculate what is the lot size that will make one of the account go bust in 50 pips for equity of 1500usd.
leverage of the account is 1:500
SO level is 10% of margin use.
means for every 1standard lot EURUSD, margin use is 200.
10% of 200 is 20usd.

10% margin call level and 20% stop-out level. Your balance is $1500 and you open a trading position with $400 margin = 2standard Lot. 10% of the margin is $40. If the loss on a position reaches $1460, your account equity becomes $1500 — $1460 = $40, which is 10% of your used margin, the stop-out level will be triggered and the broker will automatically close your losing position.

How many pips is 1450 for 2lots?
each pips worth $20 hence it will take 72.5pips to get to SO.... we need bigger lot.

for 3lot, margin use is 600 and 10% is 60usd.
max equity floating = 1500-60 = 1440.
each pip worth $30 hence it will take 48pip to StopOut.
now we need to calculate Take Profit.
Place the BUY and SELL at the same time.

take note of entry price.
Sell Price will take BID price and we need to include spread for TP.
Buy will take ASK price and we can use price appear on the chart (BID)

example Buy at 1.0500, add 48 pips become 1.0548. thats the TP.
Sell at 1.04980 (BID price no spread),deduct (48 pips + 2 pips spread) = 1.04480